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Sarom's Group
In this Group: Sarom , Chanthou
Sarom is 42 years old, married, and has five children. Currently, three children still rely on her as two of them are still in school while the remaining one is too young for schooling. Sarom earns a living through rice farming which she has been with for 15 years. From the current business, she is able to earn about 15,500 KHR per day and manages to save 5,000 KHR after deducting daily expenses.

This is the first time for Sarom borrowing from VisionFund, Kiva’s partner. Now she and her group member are seeking the same loan amount of 500,000 KHR each. Sarom is the leader and she will spend her loan portion to buy rice seeds for her farmland. She hopes to make more income so that she can better her lifestyle.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 199
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarom's Group's $275 loan helped a member to buy rice seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014